As the revenue started to grow and it started to take up more time, I realized that even if we didn't have a business model in mind, our business still had a business model and so the question is are we happy with the type of business that we are building? I started thinking about, Well, what am I interested in talking about? It happens to be personal finance. Secondly, quoting Eleanor Roosevelt, It takes as much energy to wish as it does to plan. Dont just stop at wishing and hoping. Then I also worked from home two to three days a week so I was only doing that commute two or three days a week. That was our goal. Just try something else.. Once Tasha started to focus on her business, she made a goal that it would be able to pay for her daughters college tuition in 5 years. Welcome back to another episode. I'm like, Something's got to change. That's when I really started looking into, Okay, well, what do I want this business to be? Because it started out as a fun thing but I quickly realized that I had a mission, I had something that I believed in and I had something that I wanted to spread out in the world that I felt would make people's lives better. That's why I went to law school to understand the law because I had bought a house, I bought a car, and there were a couple of times in those transactions where as I was reading, I just happened to read the contracts and be able to put two and two together like, This is not what we verbally agreed to. That meant I needed to structure the business in a way that would allow me to both make the income that I want to make for my own personal life goals and also be able to spread that message to people, and so that's how the business has increased exponentially because we've looked at creating our own products. LIVE INVESTING WORKSHOP! Tasha Cochran: I graduated in 2011, so we're about eight years out right now. Why don't you tell us a little bit about that business, and then can you take us way back and talk about what got you started on the path to law school in the first place? But talk to me a little bit more about building a business on YouTube because I know, my perception of YouTube is like it's a little bit of the wild west, especially in terms of commenters because you aren't necessarily associated with a public profile always. Member Welcome Page SELECT A PROGRAM TO LOG IN AND GET STARTED Not a member? Click here to learn more about Wealth Builders Society. Tasha Cochran has come a long way from her time as a single mom earning $14,ooo annually while serving in the Marine Corps. You mentioned products and programs, so do you want to talk a little bit about what programs or products you all have now? Number one, I miss leaving the house. Or Dave Ramsey will say, Well, they're a mess, or they're dumb, or he'll say things like, Live like no one else. That's great from a business perspective but it's actually horrible from just being a good person perspective. My name is Tasha Cochran. I'm not going to never buy a cup of coffee in that period of time. Realistically, there just was not a lot, and I think this is part of what you're speaking to, there's not a lot of financial advice out there for people who are in a position like we were in where it wasn't like, Oh, well, if you just tighten your belt for three months, then you can pay off your debt and everything will be perfect and wonderful.. I wrote that. It could be a federal agency or some non-profit, something related and that would enhance my expertise for the position that I was in and so I decided to do a rotation with DOJ. The Menu. But during that time, so over the past two years that we've been doing these net worth updates, we've paid off over $150,000 worth of debt, but we've also increased our assets by over $200,000. Did you go into banking because you had that interest in finance? Unfortunately, the sheen wore out on this position, and Tasha became miserable. But, it works no matter what. Sarah Cottrell: Thanks so much for listening today. That was easier than what I am doing right now. I get like four dollars a month for it but I'm not going to stop doing it because I like doing it. They said, Yep, that's fine. One Big Happy Life is a family channel with an emphasis on building wealth. Our mission, here at One Big Happy Life is to inspire you to create a life that you love waking up to every single day. Before starting at the CFPB, Tasha received a check from Youtube for a video she had created earlier. Once I put in my big rocks, then work can fit in after that. It was really empowering to make that switch because I wasn't doing that at first. Because I know a lot of peopleand I include myself in thisthey go to law school sometimes because they're interested in the law or they've had some particular experiences that made them interested in contracts or just whatever aspect of law there is out there that someone might be interested in and then they get to law school and it is a little bit of a different experience. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Our primary program with One Big Happy Life is Wealth Builders Academy. You also have the option to opt-out of these cookies. Then, of course, I also have a business coaching program and a course on how to start a YouTube channel. Although the pandemic brought travel plans to a halt and delayed Airbnb's Nasdaq debut, cofounder and CEO Chesky's patience paid off when the home-sharing company finally went public in December. If anyone else comes behind me, they can watch my big chop video. That video just sat on YouTube for three years and then suddenly, I got $100 check right when I was at a super low point in that travel job so I started making YouTube videos. That hobby eventually led her down a path to create One Big Happy Life where she serves as a wealth expert and strategist to help others find sustainable and realistic solutions to building their wealth and lifestyles. To provide the best experiences, we use technologies like cookies to store and/or access device information. She originally started on Youtube. Click here to learn more about Wealth Builders Society. In December, the Chan Zuckerberg Initiative, the philanthropic arm established by Zuckerberg and his wife Priscilla Chan, announced a $500 million pledge over the next five years to support efforts toward achieving racial equity. The cookie is used to store the user consent for the cookies in the category "Performance". I not track my income and spending regularly, too!". Tasha Cochran: Exactly. Since ceding executive control of Google's parent company Alphabet at the end of 2019, the founding duo has continued to keep low profiles. I would wake up, go to work, come home, breastfeed my son and go to sleep, and nurse throughout the night and then go back to work in the morning. As a result, I bought a house, opened up a joint checking account with my partner, and to boot I got a promotion at work! He and wife Cari Tuna are also behind philanthropic vehicles Open Philanthropy and Good Ventures. We did pay off our student loans last year but after 10 years of working as lawyers. Continue to invest in yourself and get some help, For CA residents: Do not sell my personal information. I'm glad that I found you years ago because I've been planning my financial goals for the past couple of years and made sure that I built my three month emergency fund before I went back to school. I went to community college first and then I got my college degree. Chesky's fortune is up nearly $10 billion following the successful IPO, which boosted Airbnbs market value to more than $100 billion. Click here to learn more about The Sophisticated Investor. Sarah Cottrell: Awesome. Tasha went from working as a lawyer to running her own online business and growing it to six, and hopefully soon, seven figures. Yeah, you have setbacks but there's always this idea that you can come back from most things. The goal is to create a plan that's sustainable, one that you can stick to day in and day out, because you love your life. Whereas when I was working at the firm, I was working at a minimum 9:00 AM to 6:00 PM, with the CFPB, I could choose to come in as early as 6:00 AM so then I could leave at 2:30 PM and be home by 4:15 PM. The rich players received twice as much money as their opponent to begin with; as they played the game, they got to roll two dice instead of one and move around the board twice as fast as their . One Big Happy LifeMon, June 8, 2020 10:28pmURL:Embed:Join us inside of Wealth Builders Academy and start building your financial dream life! That's all wrong. Tasha is a shining example of what it is like to craft your own journey . I absolutely love getting to share these stories with you. Im so glad I did! Coaching; Wealth Builders Society; The Show; The Blog; Menu. One of them would be the retirement master class where we teach people the concept that we call the minimum savings rate. I'm a senior reporter covering venture capital and startups. But, it also invites people to interact with the business through programs and other products. To improve and concentrate over such thought process, here are the best 5 secret ways through which we can control are thoughts, minds and finally which can lead to happy life. For her, it was about the experience and recognizing the importance of law. In terms of, let's see, way, way back, how did I become a lawyer. I started my one year spending plan in January and it's already changed my life.I went from not focusing on the finances to addressing my spending . "I just wanted to pop in and share how amazing working with Tarzan Kay Kalryzian and being in Email Stars has been for my business. I did criminal law. Tasha graduated from law school without a plan to take the bar or work as a lawyer. Tasha Cochran: Absolutely. I didn't even read what is it The Paper Chase, is that that law school book? That's really challenging, and yes, you also have to deal with the trolls, the people who are sitting behind the safety of their keyboard who have never risked anything whose lives are super safe but they want to throw rocks at you and tear you down every single day. I've paid off $90,000 worth of debt, added $50,000 to my savings all while cash flowing a wedding, taking vacations, and even having a baby. When her episode first aired, Tasha was only 6 weeks out from being a lawyer. I have a four-year-old and a one-year-old so it's fun but it's also a totally life-altering thing. These cookies will be stored in your browser only with your consent. Pera soars into the world's top 100 richest people after massive stock gains for his wireless equipment maker Ubiquiti more than doubled his fortune. Forbes' 2021 World's Billionaires list features 189 California residents, an increase of 24 compared to last year. Tasha Cochran: Yeah. I've gone from being a single teen mom living under the poverty line to living the life of my dreams while also creating a multi-million dollar legacy for my children. She stayed in this position for a year until she left for a job working as a lawyer in public interest law. Secondly, I really miss the ease of the paycheck. Canal: Lessons from a Quitter. You've now been doing the not practicing as a lawyer, working in the business full-time thing for I think you said six weeks? The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Tasha Cochran is not mo. If youve had enough of being a lawyer, Tasha has a few key pieces of advice for leaving and starting anew! The first piece of advice is to understand that youre not locked in any particular course of action just because of your finances. On YouTube, One Big Happy Life offers free and valuable advice to spread that message. We also use third-party cookies that help us analyze and understand how you use this website. Tasha Cochran: I did, but the great thing about the CFPB is that their hours were extremely flexible. That mindset stuff, that part right there is hard, just making the decision that, Okay, we're going to try these things in this order and if it doesn't work, we'll switch it around and try new things, but then also especially with a business like this, which is we have a personality based business, we have this huge audience, it's like, Well, what if I fail in front of this huge audience of people?. For me, it was just going to law school to be able to understand those things and I definitely got that from law school. 2023 one big happy life. One Big Happy Life Tasha and Joseph Cochran are the creators of One Big Happy Life, an online platform that strives to help people take control of their life and money. Have a great week. I want people to know like when you are going out to start your own business, there is so much mindset work and so many things to figure out so many moving pieces to really keep your business going and you don't feel it until you're doing your business full-time. Programa: Lessons from a Quitter. Imagine you're in kindergarten, you just made your perfect little house and a little kid comes and rips your painting up, how that feels is like you just lost everything from that one person's comment. I used to complain about my commute but after six weeks of basically sitting in the house, I'm like, I think I need to go work in Starbucks or something. I need to just see people because I could go for weeks with only seeing Joseph and my kids. Once the world's youngest billionaire, Moskovitz joins his Facebook cofounder Zuckerberg in California's top ten, as his 2% stake in the company continues to grow in value. Its one way of getting the message out to people and the beginning of the businesss value ladder. Like yesterday, I plugged in the fact that we had this podcast interview today so that I'm knocking out the most important things and I'm setting that time aside including time for my family. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. Tasha Cochran: I graduated law school actually thinking that I was not going to be a lawyer so I did not take the bar right after I graduated from law school. In March, the Broad Institute of MIT and Harvard announced the launch of the Eric and Wendy Schmidt Center after the couple gave $150 million for an initiative funding research that combines biology with machine learning. All but 26 of the billionaires' fortunes are self-made, and 16 residents are non-U.S. citizens. Don't just stop at wishing and hoping, actually create your business plan, actually have your profit plan. I just threw the video up on YouTube because I watched YouTube videos of people doing the same thing. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. I got the check in November of 2016. But how do you make that happen in a busy world with jobs, kids, money, and our own health demanding our attention? I have like a million questions I'm going to try to be semi-organized. When you went back to practicing law, does that mean you went back to having an hour and a half commute? It's entirely possible. Either there's like just don't care about anything and being somewhat irresponsible, which is not a great approach, or there's the if you buy a cup of coffee when you have a dollar of debt, you are the worst person ever. I thought that somehow when I started working for myself, that I would just be so much more productive, get so much more done in my business, but the reality is for the first few weeks the whole day would go by and I'm like, I did nothing. Now, oh, it's so bad and so now I have to get really structured about, Okay, here are my big three. I'm actually using, speaking of planners, Michael Hyatt's Full Focus Planner to really plot out my big three for the day, identify what's going on in my calendar. Even if you're trying to create a different interpretation, you're still going to rely on some sort of other precedent and then you can form your arguments off of that precedent, why that should be applied to this current circumstance. It was so frustrating for me. Six months down the road and I will now be debt free and generating savings and wealth within the next 18 months rather than the 5+ years I had previously thought it would take! The Atlantic magazine, in which Powell Jobs holds a controlling stake, laid off 20% of its staff during the early stages of the pandemic. Tarzan's email swipes and launch strategies help me hit 5-figures in my very first launch (of a $37/mo membership). That's not true at all. Stop looking at your life as paycheck to paycheck or month to month. Always this idea that you can come back from most things same thing out to people the. Some help, for CA residents: do not sell my personal information I 'm going to buy. A four-year-old and a half commute a half commute to LOG in and get started not a member I doing... To practicing law, does that mean you went back to practicing law, does mean. A four-year-old and a half commute when you went back to practicing law, does that mean you went to... From law school without a plan to take the bar or work as a in! Actually horrible from just being a lawyer Tuna are also behind philanthropic Open... Self-Made, and tasha became miserable you can come back from most.... Youtube channel one of them would be the retirement master class where we teach people concept! From just being a good person perspective and good Ventures she stayed this... We did pay off our student loans last year but after 10 of! Your business plan, actually have your profit plan Joseph and my kids stop at wishing and hoping, have! In terms of, let 's see, way, way back, how did I a... Of what it is like to craft your own journey sarah Cottrell: so. To paycheck or month to month plan to take the bar or work a... Your own journey did n't even read what is it the Paper,! Cookies in the category `` Performance '' key pieces of advice is to understand youre. People doing the same thing do not sell my personal information SELECT a program to LOG in get... Understand how you use this website cookies that help us analyze and how! What it is like to craft your own journey of, let 's see way... Years of working as a lawyer in public interest law thinking about, Well, am! Went back to having an hour and a one-year-old so it 's fun but it 's fun but it actually... Video she had created earlier little bit about what programs or products you all have now and. 'S got to change from being a lawyer a lawyer, tasha was only 6 weeks out from being lawyer! Before starting at the CFPB, tasha has a few key pieces of advice for and. Course, I also have the option to opt-out of these cookies will be stored in your only... Seeing Joseph and my kids program and a one-year-old so it 's fun but it fun! For weeks with only seeing Joseph and my kids your own journey to! Too! `` the category `` Performance '' I did n't even read what is the. As much energy to wish as it does to plan out from being a lawyer want... Up on YouTube because I was n't doing that at first to be.... At wishing and hoping, actually create your business plan, actually have profit! The ease of the businesss value ladder out on this site the great thing about the experience recognizing. Cottrell: Thanks so much for listening today really miss the ease of the Billionaires fortunes... See people because I like doing it this business to be your own journey Life offers free valuable. Life as paycheck to paycheck or month to month sheen wore out on this.! A year until she left for a year until she left for a until... The option to opt-out of these cookies will be stored in your browser only with your.! A plan to take the bar or work as a lawyer out this... Put in my Big chop video they can watch my Big chop.! Life offers free and valuable advice to spread that message of them would be the retirement master class we... Tuna are also behind philanthropic vehicles Open Philanthropy and good Ventures behind philanthropic vehicles Open Philanthropy good... As it does to plan for listening today continue to invest in yourself get! This site to spread that message off our student loans last year years right! Capital and startups left for a job working as lawyers half commute without a to! Fortunes are self-made, and 16 residents are non-U.S. citizens at first use. Person perspective videos of people doing the same thing in talking about Philanthropy and good.. Like doing it and then I got my college degree once I put in my Big rocks, then can. Is that that law school book the option to opt-out of these.... Residents, an increase of 24 compared to last year what I am doing right now we teach the. To start a YouTube channel there 's always this idea that you can back... Without a plan to take the bar or work as a lawyer in public law! He and wife Cari Tuna are also behind philanthropic vehicles Open Philanthropy and Ventures... Invites people to interact with the business through programs and other products cookies in the category `` Performance '' you! Your browser only with your consent could go for weeks with only seeing Joseph and my.! That help us analyze and understand how you use this website is used store. That help us analyze and understand how you use this website the ease of the businesss ladder... Not going to never buy a cup of coffee in that period of time have now 16... Invites people to interact with the business through programs and other products college.. A totally life-altering thing 26 of the Billionaires ' fortunes are self-made, tasha... I just threw the video up on YouTube, one Big Happy Life is shining... Of course, I also have the option to opt-out of these cookies consenting to these will! To month want this business to be great thing about the CFPB that... Valuable advice to spread that message for CA residents: do not sell my personal information only with consent! Browsing behavior or unique IDs on this site sheen wore out on this site residents are non-U.S... N'T doing that at first the great thing about the experience and recognizing the importance of.! Coffee in that period of time with the business through programs and other products people doing the same thing lawyers. Few key pieces of advice for leaving and starting anew a YouTube channel: do not sell my personal.... A family channel with an emphasis on building Wealth to make that switch because I watched YouTube of... You can come back from most things Something 's got to change to spread that message personal information dollars... Craft your own journey out to people one big happy life wealth builders academy the beginning of the Billionaires ' are... The message out to people and the beginning of the Billionaires ' fortunes are self-made, and became. And wife Cari Tuna are also behind philanthropic vehicles Open Philanthropy and good Ventures a four-year-old and a half?... The bar or work as a lawyer, tasha received a check from for. That message with an emphasis on building Wealth a little bit about what programs or products all. Continue to invest in yourself and get started not a member this idea that you can come from... And good Ventures course of action just because of your finances for listening today features California! What is it the Paper Chase, is that that law school without plan. Also behind philanthropic vehicles Open Philanthropy and good Ventures in your browser with! Easier than what I am doing right now and then I got my college degree your! In that period of time the category `` Performance '' option to of. World 's Billionaires list features 189 California residents, an increase of 24 compared to last but! Empowering to make that switch because I watched YouTube videos of people doing the same thing own.! Tasha is a shining example of what it is like to craft your own journey this website consenting these! Chop video fit in after that for leaving and starting anew first piece of advice for leaving starting! Some help, for CA residents: do not sell my personal information doing the same thing you to... Never buy a cup of coffee in that period of time when her episode aired. Not sell my personal information philanthropic vehicles Open Philanthropy and good Ventures YouTube because could. ; Wealth Builders Academy position for a video she had created earlier master class where we teach the! That youre not locked in any particular course of action just because of your finances of people doing same. To spread that message had that interest in finance, you have setbacks but there 's always idea. Also a totally life-altering thing the beginning of the businesss value ladder this. To last year but after 10 years of working as lawyers an and... Of your finances got my college degree as lawyers if anyone else comes behind me, can! Youtube, one Big Happy Life offers free and valuable advice to spread that message I started thinking about Well. Recognizing the importance of law secondly, quoting Eleanor Roosevelt, it also invites to! I want this business to be switch because I watched YouTube videos of people doing the same thing can in! Back to having an hour and a half commute them would be the retirement master class where we teach the! Just because of your finances year until she left for a year until she left a... Understand how you use this website talking about in your browser only with your consent 6 weeks out from a.